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Almost Time to Backup the Truck and Load up on Silver

Silver Bear

The following is a plausible forecast / prediction

Despite my known disdain for time and price predictions, I base the plausible forecast for an October 2014 generational low in the dollar-denominated value of Silver upon the cyclical duration of a prior elongated bear market that occurred from May 1968 thru November 1971.

Monthly Silver Chart

Back then, the price of Silver declined by more than 50% over the course of 3.46 years. We have already surpassed (-62.57%) the magnitude of the previous decline amid the current bear market, and we are rapidly approaching symmetry with the previous time duration - hence, the probability of a similar cyclical low soon forthcoming.

How low can the dollar-value of Silver go before the next generational bottom is in? - From my perspective, there are three such price targets following a retest and plausible breach of the standing bear-market low at $18.18. The nearest is $16.76, and so long as the price of Silver remains beneath $25.12, the second is $15.15, and the last downside price target we have on record is $13.00.

Daily Siler Chart

Our Long-Term Trend Monitor subscribers have been hedging their physical rather successfully for nearly two-years now. (See below stats)

Long-Term Trend Monitor

Until Next Time,
Trade Better / Invest Smarter

 


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When compared with "going it alone," or employing an exorbitantly commissioned hedge fund for so-so results, especially after fees, the choice should be a rather simple one.

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